FIN 428 Week 4 Quiz | eBooks | Education

FIN 428 Week 4 Quiz

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FIN 428 Week 4 Quiz

https://zh.scribd.com/document/343514565/Uop-Tutorial

FIN 428 Week 4 Quiz

 

 

 

 

    • Correct answerquestion1

 

 

 

The factor that has had the greatest influence on the growth of employee benefits has been ?

?the favorable tax treatment.

?the fact that coverage is on a group basis and is therefore less expensive.

?employer efforts to improve employee morale.

?union negotiation for benefits.

 

 

 

    • Correct answerquestion2

 

 

 

?In evaluating universal life policies, the factors that should be considered in judging costs include

?the expense loadings charged by the insurer.

?the insurer’s projected advertising costs based on current market share.

?fees associated with state-mandated benefits.

?the total cost paid out in insurance claims over the last twelve months.

 

 

 

    • Correct answerquestion3

 

 

 

?Life insurance which provides for payment only if the insured dies within a specific time period is

?term insurance.

?whole life insurance.

?limited pay life insurance.

?ordinary life insurance.

 

 

 

    • Correct answerquestion4

 

 

 

?In purchasing life insurance, the first decision that should be addressed is

?the minimum interest-adjusted cost that will be considered.

?the company from which life insurance should be purchased.

?whether to buy term insurance or cash value insurance.

?how much life insurance is needed.

 

 

 

    • Correct answerquestion5

 

 

 

?The normal length of the suicide exclusion in life insurance policies is

?five years from date of issue.

?two years from date of issue.

?six months from the date of issue.

?one month from the date of issue.

 

 

 

    • Correct answerquestion6

 

 

 

?The least impressive feature cited in support of life insurance as an investment is

?the compulsion it entails.

?the favorable tax treatment.

?the safety of principal.

?you don’t have to die to collect.

 

 

 

    • Correct answerquestion7

 

 

 

?Group insurance is a less expensive form of protection than individual policies because

?commissions to agents are lower.

?the insurance company performs certain administrative functions on behalf of the employer.

?commissions to agents are higher.

?mortality experience has been better under individual policies.

 

 

 

    • Correct answerquestion8

 

 

 

?Assuming the same face amount and age at issue, which of the following would have the highest cash value at the end of 10 years?

?20 pay life policy

?20-year term

?10-year term

?Whole life

 

 

 

    • Correct answerquestion9

 

 

 

?Decreasing term insurance is most suited to meeting which of the following needs?

?Educational funds

?Family income

?Final expenses

?Retirement income

 

 

 

    • Correct answerquestion10

 

 

 

?Group life insurance premiums paid by an employer are deductible by the employer and nontaxable to the employee

?when included as a part of a pension plan.

?for up to $50,000 in group permanent life insurance.

?up to 10% of the employee’s salary.

?for up to $50,000 in term life insurance.

FIN 428 Week 4 Quiz https://zh.scribd.com/document/343514565/Uop-Tutorial FIN 428 Week 4 Quiz Correct answerquestion1 The factor that has had the greatest influence on the growth of employee benefits has been ? ?the
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